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Aquila Capital purchases an additional wind farm in Sweden from OX2

November 23, 2016, 08:00
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Aquila Capital, a leading European manager of alternative investments, has signed a purchase agreement with OX2 for 65 MW wind power. The agreement relates to the 18-turbine Högkölen wind farm in the municipality of Ljusdal. This is the second agreement between the parties in a short time.

The Högkölen wind farm will be built at an unusually favourable wind location with an average wind speed of 8.0 m/sec at the turbines' hub height. After having optimised the project, both technically and financially, OX2 estimates the wind farm to deliver 244 GWh of electricity per annum when operational. OX2 will construct the wind farm as a fully wrapped EPC contract. 

“Högkölen is a technologically advanced project at an ideal site with excellent wind conditions and therefore perfectly adds to our existing portfolio in Scandinavia. The repeated cooperation with OX2 reflects the successful relationship we have mutually established, in line with our general approach to providing institutional investors with access to attractive assets through long-term partnerships with leading market participants in our core markets”, says Roman Rosslenbroich, CEO and Co-Founder of Aquila Capital.

"We are delighted to do even more business together with Aquila in such a short period of time. The project will strengthen our market position in the Nordic region, where we are currently building six wind farms, delivering a total of 420 MW", says Paul Stormoen, Managing Director for OX2 Wind.  

In mid-October, OX2 and Aquila Capital entered a purchase contract for the 148 MW Lehtirova wind farm in northern Sweden. Both the Högkölen wind farm and the Lehtirova wind farm are expected to be handed over to Aquila Capital in December 2018. OX2 will then be responsible for technical and commercial management of the two wind farms.

Facts about the Högkölen wind farm
- 18 Vestas V126-3.6 MW wind turbines with a total height of 205 metres
- The farm is being built at Högkölen, in the municipality of Ljusdal, Gävleborg county
- The project enjoys an average wind speed of 8.0 m/sec at hub height on the turbines
- Estimated average production of 244 GWh per year with a load factor of 43%.
- Commissioning expected to December 2018.